Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping




Home >> Business
UPDATED: 12:54, May 16, 2007
Myanmar's foreign trade sets record high in 2006-07
font size    

Myanmar's foreign trade volume hit 8 billion U.S. dollars in the fiscal year 2006-07 which ended in March, exceeding the target of 7 billion dollars, according to the latest figures released by the Ministry of Commerce.

Of the total which set a new record high in 18 years since 1989, exports accounted for 5 billion dollars, while imports took 3 billion dollars, registering a trade surplus of 2 billion dollars, the figures show.

In 2005-06, the country's foreign trade volume reached 5.54 billion dollars, up 12 percent from the previous fiscal year, and enjoyed a trade surplus of 1.6 billion dollars, according to official statistics.

The Ministry of National Planning and Economic Development attributed the trade surplus gained in the last two years mainly to the export of natural gas, followed by that of agricultural, mineral and marine products.

Myanmar has enjoyed trade surplus in the past five consecutive years since 2002-03, before which it suffered a trade deficit for many years.

Myanmar's foreign trade is mainly with Asian countries which account for 90 percent of the total. It is followed by European countries, 4.8 percent and American countries 1.5 percent.

Myanmar's trade with other member countries of the Association of Southeast Asian Nations (ASEAN) accounts for 51.3 percent of the total.

Myanmar mainly imports machinery, crude oil, edible oil, pharmaceutical products, cement, fertilizer and consumer goods.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this



   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Myanmar foreign trade expected to be 8 billion US dollars in FY 2006-07

- Myanmar foreign trade reaches 12.2 billion US dollars in first half of FY 2006-07

Manufacturers, Exporters, Wholesalers - Global trade starts here.

Dic

Versions:
Copyright by People's Daily Online, all rights reserved